Garden Ridge posts strong comps

HOUSTON – Garden Ridge Corporation logged a 6.8 percent increase in January comp sales comparing the five-week month with the same time period last year. The retailer, which filed for bankruptcy a year ago, also reported a 5.3 point increase in product gross margin in January due in large part to strong after-Christmas sales and a growing assortment of fresh, new, fashion-oriented merchandise.

"Our sales momentum continued with increases posted in many departments," said Steve Higgins, president. "The average ticket was up and margins improved broadly.February is showing similar comp sales increases for the first 17 days of the month."Garden Ridge recently submitted its proposed reorganization plan and expects to emerge from Chapter 11 later this year.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!